Jacobs Levy Equity Management Inc. lessened its holdings in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 37.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,913,247 shares of the company's stock after selling 1,160,273 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.54% of Payoneer Global worth $19,209,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of PAYO. Susquehanna Capital Management LLC raised its holdings in Payoneer Global by 290.3% during the 4th quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company's stock valued at $253,700,000 after buying an additional 18,794,047 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Payoneer Global by 5.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,709,989 shares of the company's stock valued at $87,450,000 after acquiring an additional 440,231 shares during the period. American Century Companies Inc. lifted its holdings in shares of Payoneer Global by 24.8% in the 4th quarter. American Century Companies Inc. now owns 8,166,652 shares of the company's stock worth $81,993,000 after acquiring an additional 1,624,948 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Payoneer Global by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 6,777,377 shares of the company's stock worth $68,059,000 after purchasing an additional 156,252 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Payoneer Global by 6.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,982,879 shares of the company's stock valued at $60,067,000 after purchasing an additional 377,008 shares during the last quarter. Institutional investors own 82.22% of the company's stock.
Payoneer Global Stock Performance
PAYO traded up $0.11 on Friday, hitting $7.21. The company had a trading volume of 2,481,780 shares, compared to its average volume of 3,178,155. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 2.88 and a beta of 1.03. The stock has a fifty day moving average price of $6.91 and a 200-day moving average price of $9.02. Payoneer Global Inc. has a 12-month low of $5.03 and a 12-month high of $11.29.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). The firm had revenue of $246.62 million during the quarter, compared to the consensus estimate of $244.52 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.08 earnings per share. Analysts forecast that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.
Wall Street Analyst Weigh In
PAYO has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a report on Monday, February 3rd. They issued a "buy" rating and a $13.00 price target on the stock. The Goldman Sachs Group decreased their target price on Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Citigroup upped their price target on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods raised shares of Payoneer Global from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $7.00 to $9.00 in a research report on Tuesday. Finally, Needham & Company LLC lowered their price target on Payoneer Global from $14.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Payoneer Global has a consensus rating of "Buy" and a consensus price target of $11.64.
Check Out Our Latest Report on Payoneer Global
Payoneer Global Company Profile
(
Free Report)
Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.
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